KLPEF Klepierre SA (PK)

By Ruth Bender

PARIS--French retailer Carrefour SA (CA.FR) Friday said it has signed a final agreement to buy 127 malls from French real-estate firm Klepierre SA (LI.FR).

Carrefour said in December that it would spend 2 billion euros ($2.75 billion) to buy shopping malls adjacent to its supermarkets in France, Italy and Spain. It plans to create a new real-estate holding company, grouping its new properties with 45 malls it already owns in France.

Carrefour said the transaction--which is still subject to antitrust approval--is expected to close in the first half of the year.

-Write to Ruth Bender at ruth.bender@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires